This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer: The CEO You Love to Hate

NEW YORK (Real Money) -- Tonight, the single-most-revolutionary device ever to hit your living room will be on sale. The gadget is the ultimate in-home entertainment paradise, with the finest graphics, amazing sensory capacity -- it remembers your voice and does what your voice tells it to do -- and a video social component that is so advanced that it might never be equaled.

That's right, at midnight tonight Microsoft's (MSFT) Xbox One, an artificial-intelligence marvel, hits the stores and people will be lining up for hours to get this long-awaited new iteration, which even its rivals, Sony (SNE) and Nintendo, agree is an amazing console.

This machine is so good that one has to ask, will its CEO, the man behind it, be enshrined in some sort of technological Wall of Fame? Nope, not at all. In fact, in an irony that's so quizzical that it's difficult to get your arms around, the CEO who is responsible for the company that created Xbox One is widely derided as being one of the worst in the business, more of a candidate for the Wall of Shame than any hall filled with accolades.

That's right, retiring CEO Steve Ballmer is somehow more reviled than revered, despite the immense popularity of this machine and the amazing empire that it belongs to, one that, with $300 billion in market capitalization, is one of the largest companies in the world.

It gets worse. Not only is Steve Ballmer viewed by many as a failure during his time at Microsoft, he's sealed the deal with a recent interview in the Wall Street Journal where he says he recognizes that he is the person standing in the way of Microsoft's progress.

"Maybe I am an emblem of an old era, and I have to move on," Ballmer told the Journal. What was keeping Microsoft from succeeding in this new world? "At the end of the day we need to break a pattern. Face it, I am a pattern."

And so even he admitted it was time for him to go. Was Ballmer too hard on himself? Not to the execs I talked to at Dreamforce, the Salesforce.com (CRM) sponsored embrace of the holy trinity of cloud, social and mobile. To them, Ballmer is a befuddled fool who didn't see cloud, social or mobile coming and, when he saw it, he thought he could ignore it or, somehow, build it into Xbox One.

When I would ask these executives off line what is their biggest nightmare, they almost all said the same thing: that they, too, would be a pattern that needed to be broken, that they might wake up one day at 57 and find out that they are Steve Ballmer, too, standing in the way of progress, blocking the future, resisting innovation and tearing their own edifice asunder.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs